Premier of the Government of the People's Republic of China

03/05/2021 | Press release | Distributed by Public on 03/04/2021 19:45

2021/03/05China lowers deficit-to-GDP ratio target to around 3.2% for 2021

China lowers deficit-to-GDP ratio target to around 3.2% for 2021

Updated:Mar 05,2021 09:29 AM Xinhua

BEIJING - China plans to cut the ratio of its deficit to gross domestic product (GDP) to around 3.2 percent for the year of 2021, according to a government work report submitted on March 5 to the national legislature for deliberation.